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Greece heads for another record tourism season after strong August receipts
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Energy and capital goods drive 17.8% YoY rise in industrial turnover for Aug
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Strong fiscal performance meets hard spending limits
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Taxes continues to drive budget outperformance in September
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Energy drives 13.8% YoY jump in August import prices
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Car sales bounce back with 1.2% YoY rise in September
Inflation to persist, creating more economic policy challenges
It has become increasingly evident that the inflation clouds which started gathering above the Greek economy since June last year are not going anywhere soon as the authorities had hoped when they started announcing a series of support initiatives for households and businesses several months ago.
Although the final budget for 2022 was debated in Parliament in December, the Finance Ministry had not changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized price index of 0.8 pct.
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